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ADVANCE PAYMENT GUARANTEE SECURED BY THE ADVANCED AMOUNT

This is a type of guarantee, at the request of customers, issued to investors against the advanced money to be received by customers. The guarantee is secured by the advanced amount itself.

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BENEFITS

No collaterals needed.

Be flexible as per transaction’s agreement.

Manage well payment flows.

FEATURES

Participants: Legal entities and owners of private enterprises in need of advance payment guarantee issued to domestic partners. The guarantee is secured by the advanced amount credited to the applicant’s account at SCB .

Currency of guarantee: VND and/or foreign currencies.

Method of guarantee: Guarantees are issued under credit line and/or on an item-by-item basis.

Guarantee amount: maximum 100% the advanced amount.

Details

Information on product and service policies is only for reference and may change from time to time. Please contact your nearest SCB branch or hotline 1900 6538 for advice.

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